SCGM broker Accounts

SCG Global Account Type

SCG Global offers various types of trading accounts for individual and institutional investors. The primary account types include:

• Managed Forex Accounts: These accounts allow investors to benefit from currency trading through professional asset managers, typically based on a performance fee structure. The minimum investment for individual investors is $5,000, while institutional investors require a minimum of $100,000.

• Trading Accounts: These accounts facilitate trading in multiple asset classes, including equity, derivatives, commodities, and currency. They are designed for active traders seeking to capitalize on market movements.

• Demat Accounts: Essential for holding securities in electronic form, these accounts enable seamless trading and settlement of stocks and other securities.

• Margin Accounts: These accounts allow traders to borrow funds from SCG Global to increase their purchasing power, thus enabling them to trade larger positions than their cash balance would permit.

SCG Global Broker Account Opening Process

To open an account with SCG Global, follow these steps:

• Choose Account Type: Decide which type of account suits your investment goals—Managed Forex, Trading, Demat, or Margin.

• Gather Required Documents: Prepare the necessary documents for account opening, which typically include:

• Clear photocopy of PAN card
• Proof of identity (passport, voter ID, driving license)
• Proof of address (bank statement, utility bill)
• Recent bank statement with IFSC/MICR code
• Cancelled cheque
• Two passport-sized photographs
• Additional income proof (for trading in derivatives)
• Online Account Opening:
• Visit the SCG Global website and click on the account opening banner.
• Fill in your name, email, and mobile number.
• Upload digital copies of the required documents.
• Verify your identity through the provided method (e.g., OTP via mobile).
• Offline Account Opening:
• Alternatively, you can call SCG Global's customer support to express your interest.
• A representative will guide you through the process and provide the necessary forms.

• Account Verification: After submitting your application, SCG Global will verify your KYC details. This process typically takes 3-4 working days.

• Receive Welcome Kit: Once your account is approved, you will receive a welcome kit via email, which contains essential information about your account and trading platform.

• Start Trading: After receiving the welcome kit, you can log in to the SCG trading platform, fund your account, and begin trading.